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chat_2024-12-23

Here is a summary of the key ideas and sentiments expressed by the ai16z partners in this Discord chat about tokenomics:

Key Ideas:

  1. Excitement and curiosity around Skely's innovative AI-powered token launch using TEEs (Trusted Execution Environments). The AI agent has its own wallet inaccessible to anyone and facilitates the entire process. Seen as an improvement over traditional smart contract launches.

  2. Concerns that the uncapped nature of the "donation" period and lack of clear communication could lead to confusion and frustration among participants. Suggestions that a hard cap and commitment to refund excess contributions would be prudent.

  3. Worries that the high-profile nature of the launch (raising over $6M in a few hours) could attract negative media attention and "copycats", putting ai16z in an awkward position given Skely's association with the DAO.

  4. Discussions around whether Skely's launchpad will have its own token or use ai16z/degenAI tokens. Some partners hoping it will pump their bags, others preferring a separate token to avoid dilution.

  5. Shaw floating the idea of an official "Partnerships" page on the ai16z website to showcase endorsed projects and allied organizations. Aim is to provide clarity on the DAO's associations and support long-time contributors.

Sentiment:

  • Mix of FOMO and apprehension around Skely's launch. Excitement about the novel tech, but concerns about execution and potential fallout.
  • Eagerness among some to participate and "get in early", tempered by warnings from others to exercise caution given the red flags (uncapped raise, vague terms, recycled social accounts).
  • Expectation that the launch will attract major attention (both positive and negative) given the sums involved. Hopes it doesn't reflect badly on ai16z.
  • Appreciation for Shaw's efforts to better define and showcase ai16z's partner ecosystem. Seen as a way to reward loyalty and contribution.
  • Overall, a sense that the incident highlights the challenges of operating in the open source AI x Crypto space. Constant push-pull between innovation and responsibility, opportunity and risk.

The chat underscores both the incredible dynamism and the "Wild West" nature of the AI agent economy. Events like Skely's launch are redefining what's possible technically and financially, but also exposing fault lines around governance, communication and brand management for DAOs like ai16z operating at the cutting edge.